Natural Gas Vehicles Market Analysis & Forecast 2025-2031

Natural Gas Vehicles Market Report by Product Type ( Compressed Natural Gas Vehicles, Liquefied Natural Gas Vehicles ) by Application /End User ( Public Services, Taxi Market ) by Industry Analysis, Volume, Share, Growth, Challenges, Trends, and Forecast 2025-2031, Regional Outlook ( North America, Europe, Asia-Pacific, Middle-East, Africa)

Report Code: PSMR- 1005          Category: Automotive & Transportation          Region :  Global         Report Format :                  

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 Table of Contents

Global Natural Gas Vehicles Market is expected to reach USD 25635.47 million by 2031 with CAGR of 8.8 % between 2025 and 2031

Natural gas can be used to fuel almost any kind of vehicle which includes motorcycles and three wheelers, cars, vans and pickups, lift trucks, buses, trucks, trains, boats, even aircraft. Natural gas vehicle have advantages such as lower cost than gasoline and diesel vehicles, high performance similar to diesel or gasoline powered vehicles, secure and long lasting fuel supply. The disadvantage of natural gas vehicle is the high cost of cryogenic storage on vehicles and the major infrastructure requirement of LNG dispensing stations, production plants and transportation facilities.  


Natural Gas Vehicles Market

Profshare Market Research launches an in-detailed study of segments, market drivers, constraints, regional analysis, trends and forecast on Natural Gas Vehicles Market. The market is expected to show constant growth between 2024 to 2030. The study covers a detailed analysis, growth and forecast of Natural Gas Vehicles Market. The report includes market analysis on regional level. The study covers historical data analysis from 2018 to 2023 and market forecast for 2018 to 2026 based on revenue generated.  


In competition analysis report covers key player’s basic information, product category, Sales (Volume), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%). The competitive landscape in the report offers detailed profiles of the key players in Natural Gas Vehicles Market. The report also covers financial overview, market strategies, new product analysis and marketing trends. Precise Competitive analysis helps businesses to build new product strategies. The study includes market value in terms of revenue in billion USD for years and compound annual growth rate (CAGR) in % from 2024 to 2030.  


Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end-users/regions. Our study on Natural Gas Vehicles Market helps users to make precise decision to expand their market presence and increase their market share. The competitive landscape in the report offers detailed profiles of the key players in Natural Gas Vehicles Market also covers financial overview, market strategies, new product analysis and marketing trends. Precise Competitive analysis helps businesses to build new product strategies.  


Natural Gas Vehicles Market : Product Type

  • Compressed Natural Gas Vehicles
  • Liquefied Natural Gas Vehicles

Natural Gas Vehicles Market : Application

  • Public Services
  • Taxi Market

Global Natural Gas Vehicles Market : Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Natural Gas Vehicles Market:

  • Audi
  • Chang'an Automobile
  • Fiat Chrysler Automobiles (FCA)
  • Ford
  • Geely Automobile
  • General Motors
  • Great Wall
  • Honda
  • Hyundai
  • Iran Khodro (IKCO)
  • Mercedes-Benz (Daimler)
  • PSA Peugeot Citroen
  • Suzuki
  • Volkswagen Group (VW)

Geographical analysis of Natural Gas Vehicles Market :

  • North America
    • U.S.A
    • Canada
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South East Asia
  • Latin America
    • Brazil
  • Middle East and Africa

Global Natural Gas Vehicles Market Report delivers a comprehensive analysis of the following parameters:

  • Market Forecast for 2024-2030
  • Market growth drivers
  • Challenges and Opportunities
  • Emerging and Current market trends
  • Market player Capacity, Production, Revenue (Value)
  • Supply (Production), Consumption, Export, Import analysis
  • End user/application Analysis

Report Coverage

Parameters Details

Base Year

2024

Historical Data

2019-2024

Forecast Data

2025-2031

Base Year Value (2024)

USD 14204.93 million

Forecast Value (2031)

USD 25635.47 million

CAGR (2025-2031);?>)

8.8 %

Regional Scope

North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW


Frequently Asked Questions (FAQ)


Natural Gas Vehicles Market was valued at around USD 14204.93 million in 2024 & is estimated to reach USD 25635.47 million by 2031.




Natural Gas Vehicles Market is likely to grow at Compound Annual Growth Rate (CAGR) of 8.8% between 2025 and 2031.




Natural Gas Vehicles Market is dominated by the Compressed Natural Gas Vehicles segment and the North America region holds the highest market share in 2023.



Some of the top key players in the Natural Gas Vehicles Market are Audi, Chang'an Automobile, Fiat Chrysler Automobiles (FCA), Ford, Geely Automobile, General Motors, Great Wall, Honda, Hyundai, Iran Khodro (IKCO), Mercedes-Benz (Daimler), PSA Peugeot Citroen, Suzuki, Volkswagen Group (VW).




Primary driving factors for the growth of the Natural Gas Vehicles Market include Lower cost than gasoline and diesel vehicles, high performance similar to diesel or gasoline powered vehicles, secure and long lasting fuel supply.




Yes, the report includes Geopolitical impact on the market.



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